Owner operated LMIA group

[VIJAYMAGHNANI]

Hi,

I am in final stage of applying for LMIA after purchasing a business with 50% ownership

Anyone in the same boat or have applied, pls share your experience


Regards,
Vijay Kumar

 

[OliverS]

Hi,

I am in final stage of applying for LMIA after purchasing a business with 50% ownership

Anyone in the same boat or have applied, pls share your experience


Regards,
Vijay Kumar

I am also looking for suggestion as i am going to do something but my stake is around 78%. Any tips anyone?

Help is appreciated.
Thanks in advance.
Regards,
Oliver

 

[OliverS]

Hi,

I am in final stage of applying usps tracking for LMIA after purchasing a business with 50% ownership

Anyone in the same boat or have applied, pls share your experience


Regards,
Vijay Kumar

I am also looking for suggestion as i am going to do something but my stake is around 78%. Any tips anyone?

Help is appreciated.
Thanks in advance.
Regards,
Oliver

 

[divakar.meg]

Hi,

I am in final stage of applying for LMIA after purchasing a business with 50% ownership

Anyone in the same boat or have applied, pls share your experience


Regards,
Vijay Kumar

Hi Vijay,
Could please share your whatsapp number
My Number 1 514 467 6694

 

[ahmeddiab76]

Hi Vijay,
Could please share your whatsapp number
My Number 1 514 467 6694

how long the process takes ...
do i have to pay first the shares value then make buying agreement

 

[VIJAYMAGHNANI]

Hi ,

Just cam back from first visit to canada.

Most consultants said you have to buy over business completely before applying for LMIA, few said buy conditionally.

Almost everyone was of the opinion that you must visit canada first before applying for LMIA.

Please let me know if you have any specific question, I will try to answer

Vijay Kumar

 

[mkashif]

Hi every one,
very informative post, is there any limitation on value of the business.

 

[Mikeba]

I have been advised that there is no need to buy a business but rather submit a business plan apply for work permit, after approval register a fresh entity with 100% ownership. This would in-turn bump up the crs score by 200 points as i would be the managing director in the company.

Also, required liquid funds would be in tune of $120K-150K

Thoughts please?

 

[VIJAYMAGHNANI]

I have been advised that there is no need to buy a business but rather submit a business plan apply for work permit, after approval register a fresh entity with 100% ownership. This would in-turn bump up the crs score by 200 points as i would be the managing director in the company.

Also, required liquid funds would be in tune of $120K-150K

Thoughts please?

Hi, who told you this? You need to buy business to be eligible to apply for LMIA...

Can you share your source of information.

 

[Mikeba]

https://civs.ca/2019/05/immigrating...ner-owner-operator-lmia-pathway-step-by-step/

 

[Bs65]

https://civs.ca/2019/05/immigrating...ner-owner-operator-lmia-pathway-step-by-step/

So do you have an official IRCC page and not just a consultants page ?

 

[syed rehan arshad]

Hi ,

Just cam back from first visit to canada.

Most consultants said you have to buy over business completely before applying for LMIA, few said buy conditionally.

Almost everyone was of the opinion that you must visit canada first before applying for LMIA.

Please let me know if you have any specific question, I will try to answer

Vijay Kumar

So any recent update on your case.i also met 2 lawyers and both have different views, one says without business experience u are eligible, other says not. ESDC have strict rules to approve

 

[VIJAYMAGHNANI]

So any recent update on your case.i also met 2 lawyers and both have different views, one says without business experience u are eligible, other says not. ESDC have strict rules to approve

Prior work experience preferably in the same industry is must for service Canada to approve your designation as owner operated.

 

[sahilarora2003]

I have been advised that there is no need to buy a business but rather submit a business plan apply for work permit, after approval register a fresh entity with 100% ownership. This would in-turn bump up the crs score by 200 points as i would be the managing director in the company.

Also, required liquid funds would be in tune of $120K-150K

Thoughts please?

I was able to get this visa approved third time. Funds requirement is minimum $2,00,000 and for 200 points you need to establish your new business successfully, file the tax returns, staff your office, complete one year minimum etc. It’s not easy if you don’t have enough money or doesn’t want to invest in.

 

[VIJAYMAGHNANI]

I was able to get this visa approved third time. Funds requirement is minimum $2,00,000 and for 200 points you need to establish your new business successfully, file the tax returns, staff your office, complete one year minimum etc. It’s not easy if you don’t have enough money or doesn’t want to invest in.

Congratulations, Did you get it through owner LMIA or any other scheme?

$ 200,000, you mean net worth or investment into Canadian business.